Sat May 25 22:10:10 SAST 2013
Sat May 25 22:10:11 SAST 2013

Thuthuka produces CAs at last

Jun 25, 2012 | Penwell Dlamini Business Reporter | 9 comments

THE Thuthuka Bursary Fund (TBF) has finally produced its first fruits of chartered accountants (CA) since its launch in 2005.

The TBF was established by the South African Institute of Chartered Accountants (Saica) to fast track the transformation process in the CA profession.

Alatha Ndlebe, 25, of Ngcularha, a rural village in the Eastern Cape, is one of the 26 first generation graduates who are prospective CAs after being funded by the TBF.

"When Thuthuka responded to me I was on the verge of despair. I had matriculated with straight As but could not get a bursary. That I did not understand."

He had applied to 40 different organisations, and none considered him.

Coming from a humble background it was almost impossible for his parents to pay his university fees.

"I had two choices - become a CA or a medical doctor. I chose the CA profession because it involved business and also its working hours. The hours for a CA are long but are regular. I did not like the concept of being on call," he said.

But he conceded that the road to becoming a CA was not easy.

Ndlebe studied for a Bachelor of Commerce at Cape Town University and went on to do a post-graduate diploma in accounting. TBF paid for his studies.

According to Saica, out of the 33,000 CAs in the country, (black) Africans make up only 7% of that population, while their coloured counterparts account for only 3%.

Comments

Sat May 25 22:10:11 SAST 2013 ::
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Jun 25, 2012

cocolucho

Well done. Hopefully I will be one soon at the end of the year.
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Jun 25, 2012

RofRas

At Coco, are you busy with PPE or APT?
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Jun 25, 2012

Leutler

TOKOLOSHI OR COCOLUCHO IS BUSY NYOBALISING
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Jun 25, 2012

Papage

Hope you guys will do the work. I have noticed most now graduates can't work, can't do the work they are surpose to do, they keep on changing companies and when you find out the reasons behind that, it is because they can't perform, why is tha? useless education or they were passed to feel up the gap? makes one wonder.
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Jun 25, 2012

tpaz

i have respect for CAs
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Jun 25, 2012

Bra_NeatDick

RofRas
At Coco, are you busy with PPE or APT?
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Who are you trying to impress??????

Maybe passing APT at end of the year makes one a CA
BRAVO, now we know that you are familiar with the terms.
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Jun 25, 2012

RofRas

@ Bra_NeatDick, Stop thinking with your balls, its not my problem that you are un-educated.Maybe am trying to impress your mother.
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Jun 25, 2012

Bra_NeatDick

@RofRas since I am un-educated, what qualifies one to be an educated person?

wait I know your answer : CA's are the only educated persons in yours and your mother's little world.

Please catch a wake up before its too late
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Oct 24, 2012

Mpjayalenyora

@Papage boss you are a hater shem!!! Im not a big fan of the CA(SA) designation because of the amount of work that goes into getting it compared to its initial payscales (that means return on investment is low initially @Papage) but one must admit it certainly opens a lot of doors and keeps them open. I take it you are not a graduate yourself and hence the animocity...Shem bodarkie le mona sies!
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